Overview
- An executive order issued Nov. 14 makes tariff exemptions effective from Nov. 13 for more than 200 agricultural and processed-food products, including coffee, beef, bananas, spices and certain teas.
- President Trump acknowledged his tariffs may have raised prices in some cases and cast the rollback as a step to lower visibly higher grocery costs following recent Democratic election gains.
- The White House tied the relief to goods not grown or processed in adequate volumes domestically and announced framework arrangements with Argentina, Ecuador, Guatemala and El Salvador, with progress also reported with Switzerland.
- Indian exporters of spices, tea, coffee and cashews are expected to benefit, with industry estimates of roughly $2.5–$3 billion in trade recovering, though major items like shrimp and basmati rice remain excluded.
- Large portions of the reciprocal-tariff regime stay in place, including steep rates on some countries’ goods, leaving mixed effects for consumers and exporters as implementation details are finalized.